Monday, February 23, 2015

Prosecutor: West Orange CEO Converted $2 Million In Debt to Company Shares

A West Orange man and CEO of a New Jersey biotechnology company has pled guilty to misleading the SEC and converting $2 million in debt to company shares while exercising control of his father-in-law's company. Michael M. Cohen, 49, of West Orange, New Jersey, pleaded guilty before U.S. District Judge Madeline Cox Arleo in Newark federal court to an information charging him with one count of certifying false statements with the U.S. Securities and Exchange Commission , U.S. Attorney Paul Fishman stated.

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